The awards functionality has expanded and improved. An overview can be seen below of the award setup.
The most notable additions are setting country or department limits as well as adding monthly, quarterly, or yearly budgets to gifts.
There are options for having money or local gift items attached to the award. When you select money to be attached, you will have the option to set a monthly, quarterly, or yearly budget schedule and set a max for the budget. Managers do not have the option to create an award from the central budget.
You can also see that you can attach a local store item to the award by searching the name of the local store item.
Limits can be set for country or department by clicking the drop down box for country or typing in the name of the department. This can be useful if managers or department heads want to create an award only for their teams.